StreetInsider.com News Articles

Best Buy to Present at the UBS Global Consumer and Retail Conference on March 12

Thu, 05 Mar 2026 16:15:00 -0500

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy (NYSE: BBY) today announced that Corie Barry, CEO, and Matt Bilunas, chief financial and strategy officer, will participate in a Fireside Chat at the UBS Global Consumer and Retail Conference on March 12, 2026, at 8:00 a.m. Eastern Time.

A webcast of the event will be available at www.investors.bestbuy.com both live and after the event.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305829647/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source: Best Buy Co., Inc.

Best Buy to Present at the UBS Global Consumer and Retail Conference on March 12

Thu, 05 Mar 2026 16:15:00 -0500

A webcast of the event will be available at www.investors.bestbuy.com both live and after the event.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305829647/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source: Best Buy Co., Inc.

Best Buy to Present at the UBS Global Consumer and Retail Conference on March 12

Thu, 05 Mar 2026 16:15:00 -0500

A webcast of the event will be available at www.investors.bestbuy.com both live and after the event.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305829647/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source: Best Buy Co., Inc.

Best Buy to Present at the UBS Global Consumer and Retail Conference on March 12

Thu, 05 Mar 2026 16:15:00 -0500

A webcast of the event will be available at www.investors.bestbuy.com both live and after the event.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260305829647/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source: Best Buy Co., Inc.

Best Buy (BBY) PT Lowered to $78 at DA Davidson, Earnings Estimates Lowered

Thu, 05 Mar 2026 09:11:13 -0500

DA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $78.00 (from $85.00) while maintaining a Buy rating.

The analyst commented, "Based on the 4Q results as well as the 2026 guidance, we are reducing our FY26 and FY27 EPS estimates to $6.59 and $7.15 from $7.04 and $7.90. Our price target goes to $78 from $85, using the same target multiple we were previously using, which is 11x our 2027 EPS estimate. That is in line with BBY’s 5 and 10 year averages. Despite the miss to 4Q25 results and the below consensus guidance for

Best Buy (BBY) PT Lowered to $78 at DA Davidson, Earnings Estimates Lowered

Thu, 05 Mar 2026 09:11:13 -0500

DA Davidson analyst Michael Baker lowered the price target on Best Buy (NYSE: BBY) to $78.00 (from $85.00) while maintaining a Buy rating.

Best Buy (BBY) PT Raised to $74 at BNP Paribas Exane

Wed, 04 Mar 2026 11:11:37 -0500

BNP Paribas Exane analyst Chris Bottiglieri raised the price target on Best Buy (NYSE: BBY) to $74.00 (from $68.00) while maintaining a Neutral rating.

Best Buy (BBY) PT Lowered to $72 at Morgan Stanley

Wed, 04 Mar 2026 09:02:46 -0500

Morgan Stanley analyst Simeon Gutman lowered the price target on Best Buy (NYSE: BBY) to $72.00 (from $76.00) while maintaining a Equalweight rating.

DA Davidson Reiterates Buy Rating on Best Buy (BBY) Following Q4 Results

Wed, 04 Mar 2026 09:00:43 -0500

DA Davidson analyst Michael Baker reiterated a Buy rating and $85.00 price target on Best Buy (NYSE: BBY).

The analyst commented, "BBY’s 4Q results missed on the top line, but improved gross margins and expense management helped drive a slight beat on operating profits and EPS. Media and membership contributed to the profit beat this quarter and are supporting roughly 30 bps of gross margin expansion next year. The 2026 guide is below consensus on sales, comps and EPS, but in line on operating margins. A key focus of the call was rising memory chip pricing on broadening AI implementation, with

Best Buy (BBY) PT Raised to $75 at Evercore ISI

Wed, 04 Mar 2026 08:22:36 -0500

Evercore ISI analyst Greg Melich raised the price target on Best Buy (NYSE: BBY) to $75.00 (from $70.00) while maintaining a In Line rating.

The analyst commented, "The model is improving – but scaled gains are hard to underwrite with multiple expansion. We see EPS growth +LSD in FY27 to $6.60 – after two flat years. Our $75 Base Case reflects 10.5x our FY28 EPS estimate of $7.15... 4Q confirms Best Buy can hold margins in a soft demand environment and that alternative profit streams are gaining relevance. However, FY27 appears intentionally positioned as an investment year – gross margin expansion

Best Buy (BBY) PT Raised to $75 at Evercore ISI

Wed, 04 Mar 2026 08:22:36 -0500

Evercore ISI analyst Greg Melich raised the price target on Best Buy (NYSE: BBY) to $75.00 (from $70.00) while maintaining a In Line rating.

Best Buy (BBY) Declares $0.96 Quarterly Dividend; 5.8% Yield

Wed, 04 Mar 2026 08:00:14 -0500

Best Buy (NYSE: BBY) declared a quarterly dividend of $0.96 per share, or $3.84 annualized.

The dividend will be payable on April 14, 2026, to stockholders of record on March 24, 2026, with an ex-dividend date of March 23, 2026.

The annual yield on the dividend is 5.8 percent.

For a dividend history and other dividend-related data on Best Buy (BBY) click here.

Best Buy Announces Regular Quarterly Cash Dividend

Wed, 04 Mar 2026 08:00:00 -0500

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.96 per common share. The quarterly dividend is payable on April 14, 2026, to shareholders of record as of the close of business on March 24, 2026. The company had 209,100,703 shares of common stock issued and outstanding as of January 31, 2026.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303466026/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source:

Best Buy Announces Regular Quarterly Cash Dividend

Wed, 04 Mar 2026 08:00:00 -0500

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303466026/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source:

Best Buy Announces Regular Quarterly Cash Dividend

Wed, 04 Mar 2026 08:00:00 -0500

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303466026/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source:

Best Buy Announces Regular Quarterly Cash Dividend

Wed, 04 Mar 2026 08:00:00 -0500

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303466026/en/

Investor Contact:

Mollie O’Brien

investorrelations@bestbuy.com

Media Contact:

Carly Charlson

press@bestbuy.com

Source:

Best Buy (BBY) PT Lowered to $68 at Piper Sandler Amid 'Topline Softness'

Wed, 04 Mar 2026 07:45:57 -0500

Piper Sandler analyst Peter Keith lowered the price target on Best Buy (NYSE: BBY) to $68.00 (from $71.00) while maintaining a Neutral rating.

The analyst commented: "Navigating a Challenging Industry Environment; We maintain our Neutral rating and lower our PT to $68 (10x FY28E EPS) following a Q4 EPS beat with some topline softness. While full year guidance came in slightly below Street expectations, the positive stock reaction leads us to believe it was above buy-side expectations which were likely baking in more margin pressure from rising memory chip costs. BBY certainly seems to be making a concerted effort to mitigate

Best Buy (BBY) PT Lowered to $68 at Piper Sandler Amid 'Topline Softness'

Wed, 04 Mar 2026 07:45:57 -0500

Piper Sandler analyst Peter Keith lowered the price target on Best Buy (NYSE: BBY) to $68.00 (from $71.00) while maintaining a Neutral rating.

KeyBanc Reiterates Sector Weight Rating on Best Buy (BBY)

Wed, 04 Mar 2026 07:36:12 -0500

KeyBanc analyst Bradley Thomas reiterated a Sector Weight rating on Best Buy (NYSE: BBY).

The analyst commented: "4Q Mixed, 2026 Guidance Below Consensus, Potential Headwinds from Memory Shortage; BBY continues to navigate numerous cross-currents and competitive challenges within the industry. 4Q was mixed, with softer than expected sales but better gross margins and cost controls. Enterprise comps were below consensus, which aligns with our KFL data. BBY issued 2026 guidance below consensus. For 1Q, while comps were down ~1% in Feb., comps are expected to improve in Mar. and Apr., benefiting from product timing and tax refunds. While we are optimistic

Best Buy (BBY) PT Lowered to $80 at Telsey

Wed, 04 Mar 2026 07:09:00 -0500

Telsey analyst Jospeh Feldman lowered the price target on Best Buy (NYSE: BBY) to $80.00 (from $95.00) while maintaining a Outperform rating.

Best Buy (BBY) PT Lowered to $76 at Goldman Sachs

Wed, 04 Mar 2026 07:06:22 -0500

Goldman Sachs analyst Kate McShane lowered the price target on Best Buy (NYSE: BBY) to $76.00 (from $93.00) while maintaining a Buy rating.

Best Buy (BBY) PT Raised to $69 at Citi

Wed, 04 Mar 2026 05:00:51 -0500

Citi analyst Steven Zaccone raised the price target on Best Buy (NYSE: BBY) to $69.00 (from $67.00) while maintaining a Neutral rating.

Best Buy (BBY) PT Lowered to $66 at Truist Securities

Tue, 03 Mar 2026 16:43:24 -0500

Truist Securities analyst Scot Ciccarelli lowered the price target on Best Buy (NYSE: BBY) to $66.00 (from $73.00) while maintaining a Hold rating.

The analyst commented, "4Q US comps of (0.8%) were better than our Truist Card reads/(3.0%)E. We believe that trends were pressured by Walmart’s (WMT, Buy) aggressive promotions of big-screen TVs to expand their Vizio platform. For the yr, the company is projecting flattish comps (+/- 1%), with EPS of $6.30-$6.60 (mgmt tends to provide conservative guidance), due to consumer replacement activity (6 yrs from the start of Covid), some new phone launches and emerging categories like AI glasses.

Best Buy (BBY) PT Lowered to $66 at Truist Securities

Tue, 03 Mar 2026 16:43:24 -0500

Truist Securities analyst Scot Ciccarelli lowered the price target on Best Buy (NYSE: BBY) to $66.00 (from $73.00) while maintaining a Hold rating.

Best Buy surges on earnings beat

Tue, 03 Mar 2026 07:38:40 -0500

Investing.com -- Best Buy Co., Inc. (NYSE:BBY) shares surged in premarket trading on Tuesday after reporting its fourth quarter earnings.

The retailer posted fourth-quarter adjusted earnings per share of $2.61, beating analyst estimates of $2.47 by $0.14. However, revenue of $13.81 billion fell short of the $13.91 billion consensus and declined 1% from $13.95 billion in the prior-year quarter. Comparable sales decreased 0.8% for the quarter.

The company issued fiscal 2027 guidance with adjusted EPS of $6.30 to $6.60, with a midpoint of $6.45 that falls below the analyst consensus of $6.65. Revenue guidance of $41.2 billion to $42.1 billion, with a